Westminster Pines Inc
- Assets
- $103.1m
- Revenue
- $15.5m
- Investments
- $201.9k
- Employees
- 189
- Location
- Orlando, FL
- Founding
- 01/2002
- Data as of
- 03/2022
- EIN
- 59-3725902
Organization Overview
Westminster Pines Inc is located in Orlando, FL. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Westminster Pines Inc employed 189 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westminster Pines Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Westminster Pines Inc generated $15.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $17.7m during the year ending 03/2022. While expenses have increased by 13.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WESTMINSTER PINES, INC. IS A CHURCH RELATED NON-PROFIT COMMUNITY SERVICE ORGANIZATION DEDICATED AND COMMITTED TO PROVIDING SERVICES FOR OLDER ADULTS AND PERSONS WITH SPECIAL NEEDS BY CREATING AND PRESERVING AN EXCELLENT RESIDENTIAL AND HEALTH CARE COMMUNITY PROMOTING WELLNESS AND ENCOURAGING ACTIVE AND HEALTHY LIFESTYLE CHOICES. WESTMINSTER PINES, INC. BELIEVES IN AND IS COMMITTED TO HONORING EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. WESTMINSTER PINES, INC. IS COMMITTED TO A PROGRAM OF STEWARDSHIP THAT RECOGNIZES ITS RESPONSIBILITY TO USE ITS RESOURCES WELL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME FOR THE AGED THAT PROVIDES HOUSING, DINING, HEALTH CARE AND OTHER SERVICES FOR OLDER ADULTS AND PERSONS WITH SPECIAL NEEDS. 218 CLIENTS WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Scholze Director Of | 40 | $130,238 | |
Lynn Smith Director Of | 40 | $100,148 | |
John Hillenmeyer Chairman/pre | OfficerTrustee | $0 | |
Stephen Dye Secretary | OfficerTrustee | $0 | |
Terence Rogers Exec Vp/assi | Officer | $0 | |
Henry T Keith Senior Vp/tr | Officer | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Community Construction Group Inc Construction | 3/30/22 | $1,471,684 |
Jax Home Health Inc Senior Care | 3/30/22 | $1,024,381 |
Westminster Services Inc Management Fees | 3/30/22 | $893,322 |
Smp Construction Inc Construction | 3/30/22 | $497,212 |
Stewart Conners Architects Pllc Architect | 3/30/22 | $402,699 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $182,918 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,388 |
| Noncash contributions included in lines 1a–1f | $1,020 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,306 |
| Total Program Service Revenue | $15,167,745 |
| Investment income | $206,618 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$122,007 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,458,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,044,234 |
| Pension plan accruals and contributions | $83,364 |
| Other employee benefits | $378,355 |
| Payroll taxes | $320,421 |
| Fees for services: Management | $893,322 |
| Fees for services: Legal | $36,693 |
| Fees for services: Accounting | $41,017 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $238,501 |
| Office expenses | $89,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $623,936 |
| Travel | $5,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,738 |
| Interest | $2,215,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,880,113 |
| Insurance | $300,652 |
| All other expenses | $1,354,999 |
| Total functional expenses | $17,661,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,479,542 |
| Savings and temporary cash investments | $8,266,222 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $381,057 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $950,665 |
| Inventories for sale or use | $77,855 |
| Prepaid expenses and deferred charges | $74,611 |
| Net Land, buildings, and equipment | $58,845,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $201,929 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,854,253 |
| Total assets | $103,132,021 |
| Accounts payable and accrued expenses | $2,744,453 |
| Grants payable | $0 |
| Deferred revenue | $56,133 |
| Tax-exempt bond liabilities | $26,597,646 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $42,234,021 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,492,020 |
| Total liabilities | $124,124,273 |
| Net assets without donor restrictions | -$21,413,629 |
| Net assets with donor restrictions | $421,377 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $103,132,021 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Westminster Pines Inc has recieved totaling $23,388.
| Awarding Organization | Amount |
|---|---|
Westminster Retirement Communities Foundation Inc Orlando, FL PURPOSE: BENEVOLENT ASSISTANC | $23,388 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St James Residence Of The Palm Beaches Inc West Palm Beach, FL | $94,288 | $38,104,096 |
Orlando Lutheran Towers Inc Orlando, FL | $80,032,894 | $34,936,633 |
Bonita Springs Retirement Village Inc Gainesville, FL | $109,847,615 | $18,938,390 |
Federation Gulfstream Housing Inc Boca Raton, FL | $0 | $28,667,255 |
Redstone Military Retirement Residence Association Huntsville, AL | $75,839,783 | $19,548,176 |
Concordia Of Florida Inc Tampa, FL | $31,059,059 | $25,497,159 |
St Andrews Residence Of The Diocese Of Southeast Florida Inc West Palm Beach, FL | $295,539 | $24,065,641 |
Lavender Mountain Senior Living Inc Mount Berry, GA | $141,195,331 | $5,176,789 |
Westminster Pines Inc Orlando, FL | $103,132,021 | $15,458,662 |
Skidaway Health And Living Services Inc Savannah, GA | $89,340,251 | $17,567,308 |
Palm Shores Retirement Community Inc Orlando, FL | $37,421,751 | $16,521,390 |
St George Village-Catholic Community Retirement Center Roswell, GA | $71,436,640 | $13,654,810 |